More than 2 billion people cannot access formal financial services and most of them are located in developing countries. Yet, when it comes to reducing the financial inclusion gap, microfinanceinstitutions are one of the most efficient at helping low-income communities access financial products and services. However, one of the main obstacles microfinanceinstitutions, especially African institutions, […]
Bankingly's blog covers trends, tools and tips for financial institutions to achieve success in the competitive financial world.
In recent years, credit unions have experienced remarkable growth, adding members at a record pace and deepening engagement among its users. This should not come as a surprise given that financial institutions such as these provide very interesting advantages to banks such as lower transfer fees and overdraft fees, as well as no ATM fees, […]
Uruguay’s Bankingly Raises Series A Funding from Elevar Equity and The Rise Fund to Enable Financial Inclusion Globally
Bankingly, one of Latin America’s leading providers of world-class digital banking channels to financial institutions, announced today that it has raised $5.25Mn in a round led by Elevar Equity, and in which The Rise Fund, through its co-investment partnership with Elevar Equity, and Endeavor Catalyst also participated. Through its software as a service solution (SaaS), […]